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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Wage growth remained elevated in July according to ADP pay insights but it still showed further signs of moderation.
- Job changers wage growth again saw the greater degree of moderation in July, falling from 11.3% to 10.2% Y/Y – lowest since Jul’21.
- Job stayers meanwhile moderated two tenths to 6.2% Y/Y – lowest since Nov’21.
- Greatest wage growth remains at the youngest age bracket (16-24 11.3% Y/Y male, 12.7% Y/Y female), with wage growth lower at each successive bracket. It culminates with the 55-85 bracket seeing 3.7% Y/Y male and 4.4% Y/Y female. The latter doesn't help encourage early retirees back to the labor market although granted they see already the second highest median pay of the age groups.
Job stayers (white) and job changers (yellow)Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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